SAN MATEO, Calif., Jan. 18, 2018 -- Coupa Software (NASDAQ:COUP), a leader in business spend management (BSM), today announced it has won the ‘2017 Innovative Sourcing Technology of the Year’ category at the annual PayStream Advisors Innovative Technology of the Year awards.
The PayStream awards identify the most innovative technology companies and recognizes them for delivering intuitive, progressive solutions for automating financial processes. Coupa Sourcing Optimization (CSO) took the top award in its category this year for providing sophisticated sourcing solutions that enable organizations to evaluate multiple criteria alongside price to help identify the ‘best’ solution.
More than 90 vendors entered the awards competition, and the rigorous judging process included product demonstrations, customer surveys and in-depth interviews.
“We always believed that we led the field in sourcing optimization, but recognition such as this validates the faith we and our clients have in our business,” said Garry Mansell, general manager of Coupa Sourcing Optimization. “We are proud of the innovative way we have led the industry, and we look forward to continuing that legacy in the coming years."
CSO is part of the Coupa cloud platform for business spend and is used to conduct sourcing projects ranging from simple reverse auctions to complex large-scale projects involving multiple rounds of negotiation. CSO gives users access to advanced mathematical optimization algorithms that help ensure sourcing decisions are based on the best available options, taking into account specified objectives and constraints
"Coupa is clearly leading the pack in electronic sourcing innovation, particularly when it comes to managing complex categories," said Jimmy Lefever, director of research and consulting at PayStream Advisors. "We were especially impressed with the way that Coupa Sourcing Optimization tool uses algorithms to maximize sourcing outcomes for organizations. It finds the best combination of suppliers, goods, and services to meet a company’s specific needs, which is vital in strategic sourcing."
About Coupa Software
Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). We deliver “Value as a Service” by helping our customers maximize their spend under management, achieve significant cost savings and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations representing the Americas, EMEA, and APAC with millions of suppliers globally. The Coupa platform provides greater visibility into and control over how companies spend money. Customers – small, medium and large – have used the Coupa platform to bring billions of dollars in cumulative spend under management. Learn more at www.coupa.com. Read more on the Coupa Blog or follow Coupa on LinkedIn at https://www.linkedin.com/company/99595/
Media inquiries:
Orlando De Bruce
Coupa Software
Global Public Relations
[email protected]
O (650) 485-8629


TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Washington Post Publisher Will Lewis Steps Down After Layoffs
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 



